Someone's gotta break the seal on admitting oil won't last forever. Govt is decades behind the other parts of the climate community on this, so now that it had happened it may seem small, but it is a big political event.
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Replying to @daveregrets @ramez
This is exactly it. The political value of this may be largely symbolic, but of course even the dollar itself is just symbolic ha ha.
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California plays a huge part in the global imagination of the future, so this move on Newsome's part (sp?) both represents and helps create the historical shift we so desperately need.
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NOBODY in power has talked about ending production before. It's been all about encouraging the development of competing technologies. To normalize ending production? BFD
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Replying to @DoctorVive @daveregrets
I still just don't get it. The Saudis aren't going to end production. Or the rest of OPEC. Or Russia. Or Texas, for that matter. The potential oil supply from states that don't give a damn about climate far exceeds global oil demand. Isn't demand destruction everything?
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Demand vs supply are different. If you reduce demand somewhere, emissions go down. If you do it by scaling an alternative, you've made the alternative cheaper, which means even more emissions reductions. If you squeeze supply a bit, it just gets replaced by supply elsewhere.
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I think most of the difference in our perspectives here comes down to how focused on the isolated physical supply restriction element we are -- for me that is one element of this policy, and not at all the most important one, but it seems like the primary focus of your questions.
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I see. Yes, I'm looking at this as a policy that restricts oil production in CA. Is there some other element I should be paying more attention to?
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I think it has more justification in terms of: look, this s how Californians protect their land/water supply. Fracking happens in a lot of places where water scarcity is or could become a thing!
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